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Search Results 0 to 18 of about 19 (some duplicates have been removed)
-term ramifications. >> we should make a point here, these companies are not cutting back because of the fiscal cliff only, no, they are cutting back because with what they fear from president obama getting his way in terms of higher taxes. in determines of higher dividend taxes and higher taxes on just about every piece of the economy and i tell you, don't believe me, go out there and talk to them. they started cutting back way before this last week. >> i want to take this point. >> and this is the problem, the fiscal cliff is really bad, but the solution offered by president obama of massive taxes is not that good. >> julian, what do you make of that this this is just a pandora's box, and the beginning. the fiscal cliff, could have a short-term impact, but ultimately the trend of higher taxes that charlie's point, is what businesses are really afraid of? >> i totally disagree with that and i think the surveys of businesses have shown that to be wrong and i talked to-- >> whoa, whoa, what survey. >> can i finish the point, charlie. >> you just said survey. >> we'll come back. >> i think that busines
. thank you. still ahead of fiscal cliff mess just got messier. how president obama responded to john boehner's latest comments and holiday season rushes on. would you spend your money? where's the best place to invest it? buying retail stocks for losers next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 50 for $349 a month at your local mercedes-benz dealer. can help make you a better investor. shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better investor at e-trade. gerri: it was black friday madness all across the country. this was macy's at midnight in new york city. other stores open really liked was r us and best buy, great deals like lc tvs which were 50% of. overall sales on black friday are expected to be 4% to $11.5 billion. midnight opening hours are one way traditional stores are doing everythi
what they have been privately saying helps the american people understand wre obama's in trend and comes from but nothing has changed. >> the issue is in the fiscal cliff discussion democrats appear willing to put entitlements and spending on the table. republicans saying they're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black friday wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not walart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. the day before black friday. but the protest when it came do to it wasn't so much about that. was against walmart's practice of paying minimum-wage, not giving workers enough money in their view and about work rules. that is what the actual protes
it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six n
's posturing or not, you see a lot of sort of swagger coming out of obama in his press conference last week. and democratic leaders saying we're willing to go off the cliff. we are not going to compromise on the tax hikes. they're talking much less about the spending cuts that and also they say would be part of a so-called balanced deal. but i think on some level, republicans realize that they don't have a lot of leverage in this situation. certainly people want to see both taxes and spending. but the republicans that i talked to are a little bit nervous. and you see them also coming out with some tough talk. speaker boehner saying that he even wants to bring health care back into things. but i think republicans realize -- and you see the conciliatory way they're talking about taxes, right? they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and
with president obama's vision of one of the ways to fix the fiscal cliff had to be to put new revees and to raise the tax rates of the wealthiest americans. president obama won eight out of the ten wealthiest counties in this country in this election, randi, which means even the wealthiest understand they have to put some skin in the game. so i think that going into this, i applaud senator chambliss, because that tax pledge i think should go the way of the dodo bird, because once you box yourself in, you are not leaving yourself open to some real solutions. americans want real solutions. >> well, i'm not trying to dump coal in your holiday stocking, but when you look at this spa s situation, should we really expect a lame duck congress to fix a problem that we have been staring at for years? >> the whole reason why we have this fiscal cliff looming is because they couldn't fix the problem the first time around with the debt ceiling, so they built in what was supposed to be these disciplinary measures that would force both sides to come to the table. now, what saxby chambliss is talking about, th
of americans for tax reform, talked about the so- called fiscal cliff and the upcoming tax bills in congress. he will also talk about the 2012 election and recent meetings at the white house between congressional leaders and president obama. this is an hour and 20 minutes. >> we are delighted to have grover norquist with us. of course, he is president of americans for tax reform but in the spirit of full disclosure, he is also a member of our board of directors and a very important colleague. grover spoke here several months ago, i should say here at the center, but not in this room because we moved -- there may be some glitches, so i apologize in advance. i am sure we will do better next time. however, grover talked about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened t
law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and death to obama care. and they are joining us now to explain. welcome to have you you here today. >> if president need toz encourage free enterprise or get set for a european style malaise. how so. >> we'll have a recession. he wants clinon era tax rates, okay how about repealing obama care hillary care was reject how about cutting 500 billion from federal spend get it down to the levels how about gen rain deregulation and stabilizing the dollar. and it was almost good as gold. we can live approximate with the tax increases that are coming. and republicans should say we are not going to deal. >> woo are talk being repealing obama care. do you believe at that point honestly there is political will do do that? >> i think the republicans how to say in terms of dealing with the president. he won reelection and 230 house members won
the fiscal cliff. folks here in washington hope there can be a turning point between republicans and democrats. after meeting with president obama before the thanksgiving holiday? >> well, i want to welcome the congressional leadership here. >> reporter: congressional leaders express optimism about reaching a deal to avoid $500 billion in increases set to take effect next year. >> we had a very constructive meeting with the president. >> we have a cornerstone to work something out. >> reporter: staffers have been working to figure something out, how to avoid taxes, and reduce spending on medicare. but it is not yet clear when the lawmakers and the president will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. so i -- i would be pleasantly surprised to see it -- a deal emerge earlier than the end of the year, but we'll see. >> reporter: and martin, even though there is not another meeting between the president and
. thank you. still ahead of fiscal cliff mess just got messier. how president obama respondedo john boehner's latest comments and holiday season rushes on. would you spend your money? where's the best placeo invest it? buying retail stocks for losers next. gerri: it was black friday madness all across the country. this was macy's at midnight in new york city. other stores open really liked was r us and best buy, great deals like lc tvs which were 50% of. overall sales on black friday are expected to be 4% to $11.5 billion. midnight opening hours are one way traditional stores are doing everything they can to compete with online retailers which were open all the time. regular source said black friday, have their cybermonday, the monday after thanksgiving. it was a record breaker with half of shopping done that day on work computers. fedex said it uld ship a record number of packages this year. how do you make money from this craziness? retailer stocks in the s&p 500 are up 25%, outperforming t overall index. break and mortar versus q or online retailers which is the best choice? gary
one of the challenges facing president obama these days. his biggest challenge here at home, finding a way to avoid that so called fiscal cliff that could raise your taxes and throw the economy back into recession. kristen welker is in our washington bureau. good morning. >> reporter: president obama is also facing a number of challenges overseas, as you say, from the unrest in the middle east to the continuing fallout over the attack on the u.s. consulate in benghazi. but the fiscal cliff looms large. president obama returning from a post-thanksgiving round of golf, but off the links, the clock is ticking. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes.
policies, but democrats are coming up with, a big one going on obama who wants to strike a deal on the fiscal cliff and it's going to mean the left is not happy, and you guys have called him a socialist and all of this stuff, i'm telling you much more of a centrist than you think? >> obama? i think he's-- >> no, you're just so wrong about that. >> he's as far left, and he-- >> you talk about it. >> and he's worse than carter, i think he's fuelly fairly pragmatic and probably will be more so at least while this fiscal crisis is. >> the biggest adjustment the democrats will make is running against george bush, the exit polls they were blaming gb, and i can't believe he might troo try to do it again and mentioned it in the press conference. and sooner or later, they'll have to say judge us on the last eight years with obama. they don't care. >> they care. >> and he feels like he has a man tate and can do what he wants and it's all about revenge, and warm and fuzzy campaign? >> he won, you lost and-- >> i don't know, i still feel like a winner because i know what we do to fix this e
of that is fear of the fiscal cliff? how much of that is people who don't like obama? what was that? >> it's all of the above. you used the word heebie-jeebies before. it's a good professional description of what is going on and an extension of what's been going on since 2008. people have had a negative psychology and a fear psychology which was exacerbated by the november 7th time. we had benber nanky say what you said before. if we get by the negotiations referred to as the fiscal cliff in the next few weeks, several weeks, we could have, according to ben bernanke, a good year in the upcoming year. >> we spent the show talking about housing, energy, manufacturing, infrastructure, the things that could really light a fire under the economy here. let's say some of this goes right, not all of it, but some of it goes right. what does my viewer do that from an investment standpoint? >> they should be prepared for a surprise to the upside rather than the downside. with the fear psychology of the past few years has been one we don't want to lose any more money. let's get out of stocks, hide the stuff
of the fiscal cliff but the president says america can steer clear. >> president barack obama: i believe it is solvable and my budget, frankly does it and i don't the republicans to adopt my budget, i recognize we have to compromise. compromise is hard. >> lou: more than a trillion-and-a-half dollars in tax hikes, no spending cuts. what is the deal? that is tonight's talk. ♪ >> lou: well the president wants to raise taxes. by $1.6 trillion. that is his opening gambit. his initial bargaining position. on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works out to $160 billion per year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion, for next year, in deficit and our national debt is
about these allegations. >>> if congress and president obama do not avoid the so-called fiscal cliff, california's slowly recovering economy could slow even more. state analysts say california's first projected budget surpluses in a decade could quickly turn into an $11 billion deficit unless a deal is struck. california would experience tax rate hikes and massive spending cuts. >>> the fiscal cliff could also endanger the future of charities. nonprofit organizations are telling washington they can't survive if their funding is slashed or if they made changes that would limit the incentives of making a donation. congress is considering a proposal that would cut from 35 to 28% the amount wealthy americans could write off in charitable donations. >> a 1% decline in giving to american higher education would result in a loss of $300 million a year to colleges and universities. >> nonprofits have launched a new lobbying effort, including a website asking charities to contact their members of congress. >>> a penny more a mile. that is what you will get under the new standard mileage rates
? president obama in the third debate with mitt romney promising to sequester those across the board cuts to spending to kick in january 1st will not happen. and to avoid the fiscal cliff, sequestration is on the table, and some think-- and okay, james, so, 500 billion dollars in defense already built in to cut. then sequester would cut another 500 billion over ten years, and why should republicans go along with that? >> because, this is really their only leverage on president obama, and i think that as congressman jordan has said, the only thing worse than a defense cut is no cut at all. what you get with the sequester is defense, but also cuts in the social-- >> another 500 billion dollars in domestic discretionary, too. >> right, and it adds up to about 100 billion in 2013. i think you will find that president obama will go a long way to avoid those roughly 44 billion in cuts this year, to social programs and i think if you want to get a deal out of him with meaningful reform on spending or tacks, this is, this is the key leverage point and if it happens, it happens. >> and you get som
cliff. it is likely these critical decisions will be given brief extensions so that the next president and congress will be saddled with making the decisions. as a second term president, obama would face obstacles rarely experienced by achieved executive returning to office where he would face sizable numbers of members of the senate and house who will not compromise. these present ominous clouds on the horizon for a second term for obama. other lessons obama and the electorate can learn from the experience of presidential history might give guidance for the resolution of this concern. first, however, it would be helpful to review obama's background and customary evaluation of him. his opponents and some of his supporters asked does barack obama have the leadership skills, experience, cultural background and temperament to deserve a second term as president of the united states? his opponents say no to all of the above and add they consider him to have socialist tendencies including his desire to copy european foundations -- i am sorry. i skipped a page. to desire to copy european gove
to read you part of speaker boehner's op-ed on fiscal cliff negotiations. if we're serious about getting our economy moving again, solving our debt, and restoring prosperity for american families we need to repeal obama care and enact commonsense step by step reforms to start with lowering the cost of health care. would democrats consider putting any part of the president's signature health care legislation on the table to negotiate? >> no. it's just not going to happen. i mean you remember last year, democrats wouldn't -- refused to budge on this issue. they're not going to do it again. president obama's out there, all campaigns saying health care is law now. now that he's in office again for a second term, there's no way this happens. it didn't happen last time. it won't happen this time. >> so then, steve, i thought he said affordable health care act was the law of the land a couple weeks ago, didn't he? >> absolutely. and this seems to be more of a bow to the conservative part of this caucus than a serious negotiating position. you know, the key part of the article you just read was
Search Results 0 to 18 of about 19 (some duplicates have been removed)

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